According to IA "APK-inform", the beginning of the current week in the Russian export market of sunflower oil (FOB) has resumed the downward price trend.
In the first five months of this year, Russian companies produced a record amount of vegetable oils – 4,523 million tons, the Agency said Grain Online, citing Rosstat. In comparison with January-may 2019. oil production increased by 21% in comparison with January-may 2018. – 30%.
In the season of sunflower oil supplies abroad may reach 3 million tons
According to IA "APK-inform", from mid-April in most FO Russia continues rising prices for rapeseed oil, aided by such factors as market conditions of raw materials, the devaluation of the Russian rouble as well as increasing the cost of production of the product.
Production of sunflower oil since the beginning of season to February increased by 25%
Coronavirus pandemic declared by the who and adopted by the Russian authorities measures to prevent the spread of infection affected all sectors of the domestic agricultural sector, including the oil and fat industry. Milknews asked the head of oil and fat Union of Russia Mikhail Maltsev, what risks threaten the industry due to the spread of the coronavirus.
The volume of investments in modernization of production is estimated at a total of up to 50 billion rubles
According to the FCS, from September to December 2019. Russian exporters have supplied to foreign markets 195 thousand tons of soybean oil, which is 18% higher than the same period last season. The growth in exports was mainly due to China. The Agency said Grain Online.
Negative on the market can make possible increase of export duties on sunflower
Crimean Federal University will become a platform for breeding and adaptation of foreign varieties of olives, the press service of the University.
The drop in futures quotations of palm oil and fears of weakening demand due to the outbreak of the novel coronavirus has reduced prices on crude sunflower oil from Russia.
Last year exports amounted to about $4 billion
Malaysia increased the export duty on crude palm oil (SRO) in February to 6%, according to the Agency "Reuters" with reference to the LRAS.
Due to the record crop processing and export industry will also upgrade the highs
Due to environmental problems and destruction of endemic plants of the Ecuadorian farmers, with the support of environmentalists are suing the company focused on oil palm
According to experts of Oil World, in the first 11 months of this year Malaysia increased exports of palm kernel oil 15% per year, from 861 thousand tons in 2018 to 992 thousand tons.
The Russian head of system quality (Roskoshestvo) Maxim Protasov called made in Russia products that can compete on the international market.
According to the Ministry of energy of Indonesia, the country plans to develop the production of second generation biofuels, in particular, from 2022 to begin production of the so-called green diesel from palm oil with expected annual production rate of 3.7 million kilolitrov, according to Reuters.